After costs, if the gap returns to its 7d average, $10k−$38
spread now−0.133%7d average−0.109%fees + slippage, in and out−$36spread needed0.356%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX META-USDT-SWAP | 713.89 | 0 | get 0.0000% / 8h | 1h 26m | $6.2M | $6.8M | 20x |
| Short | Coinbase International META-PERP-INTX | 712.94 | 0.0080 | get 0.0010% / 1h | 26m 55s | $696K | $4.4M | 10x |
OKX META-USDT-SWAP
Coinbase International META-PERP-INTXPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$13.31
- Funding while held
- $2.4
- Slippage, 4 orders
- −$15.63
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$46.54
- Spread needed to break even
- 0.356%
Slippage from OKX: live order book, 2 min ago; Coinbase International: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0080%
- Per $10,000 a day
- +$2.40
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy OKX live order book, 2 min ago | 1.97 bp | 11.1 bp −$11 | 27.5 bp −$275 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 1.83 bp | 6.8 bp −$7 | 11.6 bp −$116 | doesn't fit | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni711.30cheapestedgeX711.95+0.091%Ondo Perps712.36+0.149%Aftermath Perps712.38+0.152%Variational Omni712.43+0.159%Phoenix712.51+0.170%Hotstuff712.57+0.179%Popdex712.69+0.195%Vest712.71+0.198%QFEX712.72+0.200%Nado712.72+0.200%Arcus712.74+0.202%Paradex712.74+0.203%HTX712.78+0.208%Deribit712.81+0.212%Aevo712.93+0.228%
ApeX Omni
Ondo Perps
Variational Omni
Phoenix
Hotstuff
Popdex
Vest
QFEX
Nado
Arcus
Paradex
HTX
Deribit
AevoCoinbase International712.94+0.231%
SoDEX712.95+0.232%Orderly712.99+0.238%Polymarket Perps713.00+0.239%tradeXYZ713.07+0.249%Lighter713.18+0.264%Aster713.26+0.276%Lighter RH713.38+0.292%BloFin713.48+0.306%SunX713.49+0.308%Phemex713.50+0.309%Gate713.54+0.315%KuCoin713.58+0.321%Extended713.69+0.336%Bybit713.71+0.339%Injective713.75+0.344%
SoDEX
Orderly
Polymarket Perps
tradeXYZ
Lighter
Aster
Lighter RH
BloFin
SunX
Phemex
Gate
KuCoin
Extended
Bybit
InjectiveOKX713.89+0.364%
Binance714.00+0.380%Bitget714.07+0.389%
Binance
BitgetMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni METAUSDT | −0.363% | +0.0100% | 1h | $111K | $46K | 50x | as long as short |
| edgeX METAUSDC | −0.272% | +0.0810% | 4h | $60K | $322K | 10x | as long as short |
| Ondo Perps META-USD.P | −0.214% | +0.0050% | 1h | $918K | $2.3M | 10x | as long as short |
| Aftermath Perps METAUSD | −0.212% | +0.0254% | 1h | $43K | $48K | 10x | as long as short |
| Variational Omni META | −0.204% | 0.0000% | 8h | $1.4M | $1.9M | — | as long as short |
| Phoenix META | −0.193% | +0.0169% | 1h | $230K | $255K | 20x | as long as short |
| Hotstuff META-PERP | −0.185% | +0.0104% | 1h | $32K | $105 | 20x | as long as short |
| Popdex METAUSDT | −0.168% | +0.0048% | 1h | $164K | $148K | 20x | as long as short |
| Vest META-USD-PERP | −0.165% | +0.0046% | 1h | — | $6K | 25x | as long as short |
| QFEX META-USD | −0.164% | +0.0033% | 1h | $1.8M | $5.3M | 10x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado META-PERP | −0.164% | +0.0033% | 1h | $442K | $69K | 20x | as long as short |
| Arcus META-USD | −0.161% | +0.0356% | 1h | $282K | $242K | 10x | as long as short |
| Paradex META-USD-PERP | −0.161% | +0.0055% | 8h | — | — | 5x | as long as short |
| HTX META-USDT | −0.155% | 0.0000% | 8h | $101K | $264K | 30x | as long as short |
| Deribit META_USDC-PERPETUAL | −0.151% | 0.0000% | 1h | $29K | $246K | 10x | as long as short |
| Aevo META-PERP | −0.135% | +0.0104% | 1h | $257 | — | 10x | as long as short |
| Coinbase International META-PERP-INTXshort | −0.133% | +0.0080% | 1h | $696K | $4.4M | 10x | |
| SoDEX META-USD | −0.132% | +0.0050% | 1h | $24K | $3K | 10x | as long as short |
| Orderly PERP_META_USDC_mythos | −0.126% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| Polymarket Perps META-USD | −0.125% | +0.0050% | 1h | $648K | $465K | 10x | as long as short |
| tradeXYZ xyz:META | −0.115% | +0.0050% | 1h | $62.8M | $42.6M | 20x | as long as short |
| Lighter META | −0.099% | +0.0032% | 1h | $704K | $2.0M | 20x | as long as short |
| Aster METAUSDT | −0.088% | 0.0000% | 8h | $452K | $78K | 20x | as long as short |
| Lighter RH META | −0.071% | +0.0032% | 1h | $764K | $2.3M | 20x | as long as short |
| BloFin META-USDT | −0.057% | −0.0102% | 8h | $344K | $422K | 20x | as long as short |
| SunX META-USDT | −0.056% | 0.0000% | 8h | $802 | $6.6M | 20x | as long as short |
| Phemex METAUSDT | −0.055% | −0.0170% | 4h | $1.9M | $4K | 10x | as long as short |
| Gate META_USDT | −0.049% | 0.0000% | 8h | $397K | $2.9M | 100x | as long as short |
| KuCoin METAUSDTM | −0.043% | +0.0100% | 8h | $1.5M | $123K | 20x | as long as short |
| Extended META_24_5-USD | −0.028% | +0.0016% | 1h | $509K | $1.3M | 17x | as long as short |
| Bybit METAUSDT | −0.025% | +0.0013% | 8h | $6.6M | $6.5M | 100x | as long as short |
| Injective META/USDC PERP | −0.020% | +0.0147% | 1h | $162K | $164K | 30x | as long as short |
| OKX META-USDT-SWAPlong | 0.000% | 0.0000% | 8h | $6.2M | $6.8M | 20x | |
| Binance METAUSDT | +0.015% | +0.0018% | 8h | $25.8M | $78.4M | 20x | as long as short |
| Bitget METAUSDT | +0.025% | 0.0000% | 8h | $4.9M | $5.6M | 100x | as long as short |